Adjusted IFRS profit of Detsky Mir Group for 2020 increased by 4.2% year-on-year to RUB 8.4 billion. Unadjusted 12-month profit increased by 6.3% to RUB 7.8 billion, the retailer informed.
The group's consolidated audited revenue increased by 11% to RUB 142.9 billion from RUB 128.7 billion in 2019. Revenue from the online segment increased 2.4 times to RUB 34.8 billion. Revenue from the Detsky Mir chain in Kazakhstan increased by 1.6% to RUB 3.8 billion.
In 2020, the group opened 71 new Detsky Mir stores, 12 outlets of the Detmir Pickup chain and 10 Zoozavr stores.
Detsky Mir Group (trading on the Moscow Exchange under the DSKY ticker) is a multi-format retailer leading in the segment of children's goods in Russia. The group unites the Detsky Mir retail chain, the Detmir Pickup, ELC (in Russia) and ABC chains, as well as Zoozavr, a pet product chain.
Adjusted IFRS profit of Detsky Mir for 9 months of 2020 decreased by 23.2% to RUB 3.8 billion. Profit for the period net of adjustments decreased by 24.7% to RUB 3.4 billion. Consolidated unaudited revenue increased by 9.5% to RUB 98.4 billion from RUB 89.8 billion. Revenue from the online segment increased 2.5 times to RUB 22.1 billion. Revenue of Detsky Mir network in Kazakhstan decreased by 7.2% to RUB 2.4 billion. Adjusted EBITDA increased by 15.8% to RUB 11 billion from RUB 9.5 billion. For the 9-month period in 2020, the company opened 30 new Detsky Mir stores, one store of the Detmir Pickup chain and three Zoozavr stores.
